Securities code: Shenzhen Success Electronics Co.Ltd(002289) securities abbreviation: Shenzhen Success Electronics Co.Ltd(002289) Announcement No.: 2022006 Shenzhen Success Electronics Co.Ltd(002289)
Announcement on the provision for asset impairment in 2021
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Shenzhen Success Electronics Co.Ltd(002289) (hereinafter referred to as "the company") held the 14th meeting of the 5th board of directors and the 12th meeting of the 5th board of supervisors respectively on February 25, 2022. The meeting deliberated and adopted the proposal on withdrawing provision for asset impairment in 2021, and withdrawn impairment losses for relevant assets with signs of impairment. The specific information is announced as follows:
1、 Overview of provision for asset impairment
1. Reasons for withdrawing provision for asset impairment
In accordance with the relevant provisions of the accounting standards for business enterprises and the company's accounting policies, in order to more truly, objectively and accurately reflect the status, financial status and operating results of various assets within the consolidation scope of the company as of December 31, 2021, the company has conducted a comprehensive inspection and impairment test on various assets of the company and its subsidiaries, For relevant assets with signs of impairment, corresponding asset impairment losses shall be accrued.
2. Scope and amount of assets for which provision for asset impairment is made and the reporting period to be included
The company has conducted a comprehensive inventory and asset impairment test on all assets with signs of impairment at the end of 2021. In 2021, it plans to withdraw 7.7124 million yuan of asset impairment reserves, which are included in the reporting period from January 1, 2021 to December 31, 2021. The details are as follows:
Unit: RMB 10000
Amount of asset impairment loss accrued in 2021
1. Credit impairment loss 1.34
Including: bad debt provision for accounts receivable 1.34
2. Asset impairment loss 769.90
Including: inventory falling price reserves 764.35
Provision for impairment of fixed assets 5.55
Total 771.24
Note: the data in the table has not been audited by an accounting firm.
2、 Specific description of the provision for asset impairment this time
1. Description of provision for impairment of receivables
The company assesses the expected credit loss of receivables based on individual and combination. If there is objective evidence indicating that the credit impairment of receivables has occurred, the company determines the expected credit loss of receivables on the basis of single assets. For the accounts receivable divided into portfolios, the company refers to the historical credit loss experience, combined with the current situation and the prediction of future economic conditions, divides the accounts receivable into several portfolios according to the characteristics of credit risk, calculates the expected credit loss on the basis of the portfolio, and determines the basis of combination as follows:
Basis and accrual method for determining project portfolio
Receivables other than risk-free portfolio in aging portfolio are withdrawn according to aging and expected credit loss rate in the whole duration
Risk free portfolio: this portfolio is a related party included in the consolidation scope, and no provision is made
2. Description of provision for impairment of inventories
On the balance sheet date, inventories are measured at the lower of cost and net realizable value, and inventory falling price reserves are accrued according to the difference between the cost of a single inventory and net realizable value. The net realizable value of inventories directly used for sale and inventories with sales contracts or orders in the normal production and operation process shall be determined according to the sales price of the contract or order minus the sales expenses and relevant taxes; For inventories without corresponding sales contracts or orders, the net realizable value shall be determined by the estimated selling price minus sales expenses and relevant taxes; For inventories that need to be processed, in the normal production and operation process, the net realizable value is determined by the estimated selling price of the finished products minus the estimated cost to be incurred at the time of completion, estimated selling expenses and relevant taxes. If the factors affecting the previous write down of inventory value have disappeared, the amount of write down shall be restored and reversed within the amount of inventory falling price reserve originally withdrawn, and the reversed amount shall be included in the current profit and loss.
3. Description of provision for impairment of fixed assets
According to the relevant provisions of the accounting standards for Business Enterprises No. 8 - asset impairment, the company has conducted an impairment test on the fixed assets within the consolidation scope according to the recoverable value as of December 31, 2021, and made provision for the impairment of some idle production equipment.
3、 The impact of the provision for asset impairment on the company and risk tips
According to the relevant provisions of the accounting standards for business enterprises and the preliminary accounting of the company's financial department, the amount of the company's provision for asset impairment this time will reduce the company's net profit of 7.7124 million yuan in 2021.
The company's provision for asset impairment has not been audited and confirmed by the accounting firm, and the final data shall be subject to the financial data audited by the accounting firm.
4、 Explanation of the audit committee of the board of directors on the rationality of the provision for asset impairment this time
The audit committee of the board of directors of the company considered the proposal on the provision for asset impairment in 2021 and considered that the provision for asset impairment of the company was made based on the actual situation of relevant assets and the principle of prudence, in line with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, and the basis was sufficient. After the provision for asset impairment is withdrawn this time, the company's 2021 financial statements can more fairly reflect the company's financial position and asset value as of December 31, 2021, which is reasonable.
5、 Opinions of the board of supervisors
The board of supervisors believes that the company's resolution procedure for withdrawing the provision for asset impairment is legal, based on sufficient basis, in line with the accounting standards for business enterprises and other relevant provisions, and in line with the actual situation of the company.
After the provision for asset impairment is withdrawn this time, the financial statements of the company in 2021 can more fairly reflect the financial status and asset value of the company as of December 31, 2021, and it is agreed to withdraw the provision for asset impairment this time.
6、 Opinions of independent directors
The independent directors believe that the company's provision for asset impairment has sufficient basis, standardized decision-making procedures, complies with the accounting standards for business enterprises and relevant systems of the company, can more fairly reflect the company's financial status, asset value and operating results as of December 31, 2021, is in line with the overall interests of the company, and is conducive to providing investors with more authentic, reliable Accurate accounting information does not harm the interests of the company and all shareholders, especially minority shareholders. Therefore, it is agreed to withdraw the provision for asset impairment this time.
7、 Documents for future reference
1. Resolutions of the 14th meeting of the 5th board of directors;
2. Resolutions of the 12th meeting of the 5th board of supervisors;
3. Independent opinions of independent directors on matters related to the 14th meeting of the 5th board of directors;
4. Statement of the audit committee of the board of directors on the reasonableness of the provision for asset impairment in 2021.
It is hereby announced.
Shenzhen Success Electronics Co.Ltd(002289) board of directors
February 28, 2002
